Dorian LPG Ltd (LPG)
Profitability ratios
Return on sales
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 71.80% | 74.28% | 63.10% | 65.67% | 71.80% |
| Operating profit margin | 58.64% | 50.89% | 33.70% | 36.75% | 48.31% |
| Pretax margin | 54.83% | 18.46% | 33.76% | 35.40% | -15.28% |
| Net profit margin | 54.83% | 44.24% | 26.23% | 29.30% | 33.54% |
Dorian LPG Ltd's profitability ratios have shown varying trends over the past five years. The gross profit margin has fluctuated between 63.10% and 74.28%, with a slight decrease from 2022 to 2023 followed by a marginal increase in 2024.
The operating profit margin has experienced more significant fluctuations, ranging from 33.70% to 58.64%. There was a notable increase from 2022 to 2023, followed by a continued upward trend in the following years.
The pretax margin has shown a significant improvement from negative values in 2020 to positive values in the subsequent years, reaching a peak of 54.83% in 2024. This indicates an improvement in the company's profitability before accounting for taxes.
Finally, the net profit margin has also displayed fluctuations, ranging from 26.23% to 54.83%. There was a remarkable increase from 2020 to 2021, followed by relatively stable performance in the following years.
Overall, Dorian LPG Ltd's profitability ratios have shown a mix of trends over the past five years, with improvements in operating profit margin, pretax margin, and net profit margin, despite some fluctuations in gross profit margin. It appears that the company has been able to enhance its operational efficiency and profitability, leading to improved bottom-line performance over the years.
Return on investment
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 17.89% | 11.61% | 5.75% | 7.34% | 9.63% |
| Return on assets (ROA) | 16.73% | 10.09% | 4.48% | 5.85% | 6.69% |
| Return on total capital | 20.88% | 13.42% | 6.12% | 7.81% | 10.33% |
| Return on equity (ROE) | 30.04% | 19.73% | 7.82% | 9.78% | 11.45% |
Dorian LPG Ltd has shown a consistent improvement in profitability over the past five years, as evidenced by its profitability ratios.
The Operating return on assets (Operating ROA) has steadily increased from 9.63% in 2020 to 17.89% in 2024, indicating that the company is generating higher operating income relative to its asset base.
The Return on assets (ROA) has also shown an upward trend from 6.69% in 2020 to 16.73% in 2024, reflecting an improvement in the company's ability to generate profits from its total assets.
Similarly, the Return on total capital has increased from 10.33% in 2020 to 20.88% in 2024, suggesting that the company is generating higher returns on the total capital employed in its operations.
Lastly, the Return on equity (ROE) has shown a consistent improvement as well, rising from 11.45% in 2020 to 30.04% in 2024, indicating that the company is effectively generating profits for its shareholders relative to their equity investment.
Overall, the increasing trend in profitability ratios reflects Dorian LPG Ltd's effective management of assets, capital, and equity to generate higher returns for its stakeholders.